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Property profile & analytics
OFF-MARKET Estimated value $1,195,000
Hotels

1300 Shelby Dr Memphis, TN 38116

148,249 SF 12.59 ac lot Built 1966
Individually Owned 6-yr Hold Free & Clear
Property ID
US80-0791785
Property summary
AI-generated overview

This exceptional 147,900-square-foot property, a former Macy's, offers a rare opportunity for lease in Memphis, Tennessee. Located at 1300 E Shelby Dr, this Class B building boasts a prime location, situated on a 12-acre lot with 300 feet of frontage on E Shelby Drive, a high-traffic area (21,241 VPD). Less than a mile from I-55 and Memphis International Airport, this strategically positioned space benefits from excellent visibility and accessibility. Recently renovated in 2024, the building features one two-story structure with a 16-foot ceiling height on the first floor (approximately 132,900 SF) and a 15,000 SF second floor. The property includes four loading docks with four dock-high doors, ample power, and a sprinkler system. Its zoning is commercial, and the APN is 07906100187. Built in 1966, this adaptable space is ideal for a variety of retail or industrial uses. The property's proximity to established businesses like Starbucks, Guthrie's, AutoZone, and Foot Locker, further enhances its appeal. The landlord is open to tenant improvements to customize the space to meet specific needs. This is a truly unique opportunity to secure a large, well-located space at a competitive rate.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1966
Total area 148,249 SF
Lot 12.59 ac (548,377 SF)
Zoning code CMU-2
APN 079-061- - -00187
UPID US80-0791785
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Finish Line (located inside Macy's) Clothing Store Shoe Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.55M
Blend (final) Blend
$1.20M
Owner & transaction history
S & S 1300 Shelby Drive Ptrs · 6 yrs held
S & S 1300 Shelby Drive Ptrs
since 2020
Last sale
$1.2M
2 recorded transactions
2020
$1.2M
2018
$700,000
Zoning & alternative use
CMU-2 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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